Leaders; That's All, Folks  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 13.
Topik: Default; Global Economy; Government Bonds; Eurozone; Politics; Economic Crisis

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Silvio Berlusconi's resignation pledge was no more cathartic than any other of the remedies that the euro zone has so far concocted. The gesture was too little because Mr Berlusconi is so distrusted, after a total of eight and a half disastrous years in charge, that even now some fear he will find a way to hang on to office or stand again. It was too late because, by the time he promised to resign, Italy's bonds were consumed by panic. When the world's third-largest bond market begins to buckle, catastrophe looms. At stake is not just the Italian economy but Spain, Portugal, Ireland, the euro, the European Union's single market, the global banking system, the world economy, and pretty much anything else you can think of. Greece is important because it sets precedents for the euro--over such things as debt write-downs and rescues. Italy matters much more because it is so vast. The urgent task is to stanch the financial panic--if only to give politicians a chance to show that, now they understand the stakes, they can do better.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali